Saudi, Iraq Confirm Commitment to OPEC+ agreement

• Tuesday, 14th July 2020
• by Editorial Team

Saudi Arabia’s Energy Minister, Prince Abdulaziz Bin Salman Al Saud, and Iraq’s Oil Minister, Ihsan Abdul Jabbar Ismail, had a phone call to discuss the issue of compliance with the OPEC+ deal, according to SPA. The c...

Norway Not to Extend Oil Output Cut in July

• Tuesday, 9th June 2020
• by Editorial Team

Europe’s largest oil producing nation, Norway, has no plans to further extend the record OPEC+ production cuts in July, according to Reuters. At present, Norway is complying with the OPEC+ deal by cutting output by 25...

Mexico Refuses to Join July’s OPEC Cuts

• Sunday, 7th June 2020
• by Editorial Team

OPEC member Mexico has stated that it will not join other top oil producing countries in supporting further oil cuts in July, according to Reuters.   Energy minister Rocio Nahle, confirmed that Mexico would not partic...